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Fiscal deficit News

Fiscal deficit looks magnified
Fiscal deficit till December already touched 4.3 per cent of the gross domestic product (GDP) for the entire financial year, just 0.3 percentage points short of the Budget target of 4.6 per cent of GDP. Advance estimates on Tuesday estimated nominal GDP this financial year to be slightly less than that projected in the Budget, and this would magnify fiscal deficit as a portion of GDP. The nominal GDP